The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-27
CONDITION OF THE MARKETS.
A Dull Day at Chicago, with Slight
Decline in the Prices of May Wheat.
Oats Dull and Shade Easier-Provisi0ns
Lightly Tradedin at Quotations Showing
No Marked Change from Tuesday.
MONEY, BONDS AND STOCKS.

Small TRANSACTIONS Accompanied by Gen.
orally Lower Prices for All Stocks.
NEW YORK, Jan. 26-Money on call was
easy at 304l per cent, closing at 4.
Prime mercantile paper al per cent.
Sterling exchange was dull. but steady and un-
changed.
The total sales of stocks to-day were 1885, 1877
shares, including the following Delaware,
Lackawanna & Western, 26,420; Erie, 5000;
Kansas e. Texas, 4.7l0; Lake Shore, 1885,
Louisville & Nashville, 6. 716; Missouri Pacific.
6567 New Jersey Central. $3.50; Reading, 49,
4l5; St. Paul. 1850; Texas Pacific, 54l0 Union
Pacific, Al, 645; Western Union, 16,640
Government bonds were dull and steady.
State bonds were quiet.
The stock market showed little of the ANNA
lion OF the previous two days, and the dealing
for the most part was again confined to the
room-traders. The events Of tho day would
seem to indcnte that the bears are much more
active than for time past and while the
majority of operators are once moro awaiting
the outcome Of the interstate-commerce bill,
their operations meet with little opposition The
European situation had no effect upon values,
though some buying for London account gave
the market q firm appearance early In the day.
eeiyed to uxeetvalues, though Union Pacific was
rs.tled in the morning upon run1ors OF heavy
failing off in the earnings for December.
with an increase in operating exsenses,
md the coal stocks were adversely
affected by a story of threatened strike on the
Jersey Central. New England was again a con-
Epicuous feature, and WIS remarkably strong in
the forenoon for no apparent reason, though the
purchasing was attributed entirely to insiders.
The trading in Reading showed a marked fall.
ing off, and the stock was weak, with the re.
ynainder Of the list. There was firm opening,
first prices being generally s04 per cent. above
last evenings final fgures. though Pacific Mail
was higher. Further slight advances were re-
corded in the early trading, but the list soon
gave way under the hammering of the bears and
the withdrawal of one of the European purchas
ers, Union Pacific and Missouri Pacific being the
heaviest sufferers. The market rallied late in
the hour, and shortly after IL many stocks
were at the highest for the day. Prices
then again yielded, although the trading was de-
void of interest In the afternoon there was
more activity and the decline gathered force
though there was fractional rally toward p
NJ The downward movement was again re-
newed in the last hour, the lowest prices being
recorded at or near the close, which was dull
and weak Sales, 2e6, 1877 sharee. The activ,
list is almost invariably lower, the only impor
tant advance being Il per cent. in Cameron Coal
Norfolk q Western preferred, 1a Westsr,
Union, Ii: Texas Pacific, Hooking Valley ant
Oregon Navigation. IL.
The railroad bond market was quiet; sales 81,
000,o Prices were generally firm in the fore
noon, but sosne irregularity was developed later
and final declines are as numerous as advances
Closing quotations were: